Hyve Group (HYVE)

Sector:

Media

Index:

FTSE Small Cap

 70.20p
   
  • Change Today:
      0.000p
  • 52 Week High: 115.00
  • 52 Week Low: 46.76
  • Currency: UK Pounds
  • Shares Issued: 291.64m
  • Volume: 17,520
  • Market Cap: £204.73m
  • RiskGrade: 353

Hyve revenues boosted by faster-than-expected in-person event recovery

By Iain Gilbert

Date: Monday 27 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Global events business Hyve Group said on Monday that the pace of in-person event recovery was "considerably ahead" of anticipated levels, resulting in interim revenues coming in ahead of previous guidance.
Hyve said it saw faster than anticipated revenue recovery in the first half of the year, with momentum continuing into the third quarter - the second busiest quarter for the group's streamlined portfolio structure following the sale of its Russian business in May.

The London-listed group stated total revenue for the period demonstrated "a full recovery" on a pro-forma basis, underpinned by continued strong customer demand for market-leading in-person events, despite ongoing macro challenges.

Hyve highlighted that it had experienced "strong" forward bookings momentum, currently sitting at £122.3m for the full year, and added that it had delivered "continued omnichannel evolution".

Net debt as of 31 May sat at £53.0m, down from £64.0m on 31 March, which includes the receipt of insurance proceeds of £8.7m in May and bookings for upcoming events.

Chief executive Mark Shashoua said: "The trends we saw emerge post-pandemic continue to hold true - in particular, our customers continue to spend more with us than before, demonstrating the huge value which in-person events offer and proving that our strategy of focusing on only market-leading events is paying off.

"Our success this quarter has been strengthened by the continued delivery of our omnichannel strategy, which introduces additional opportunities for our customers to connect, network, and trade."

As of 0815 BST, Hyve shares were up 6.47% at 72.40p.



Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Hyve Group Market Data

Currency UK Pounds
Share Price 70.20p
Change Today 0.000p
% Change 0.00 %
52 Week High 115.00
52 Week Low 46.76
Volume 17,520
Shares Issued 291.64m
Market Cap £204.73m
RiskGrade 353

Hyve Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
2.3% below the market average2.3% below the market average2.3% below the market average2.3% below the market average2.3% below the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Price Trend
44.18% below the market average44.18% below the market average44.18% below the market average44.18% below the market average44.18% below the market average
20.75% below the sector average20.75% below the sector average20.75% below the sector average20.75% below the sector average20.75% below the sector average
Income
28.37% below the market average28.37% below the market average28.37% below the market average28.37% below the market average28.37% below the market average
26.32% below the sector average26.32% below the sector average26.32% below the sector average26.32% below the sector average26.32% below the sector average
Growth
17.87% above the market average17.87% above the market average17.87% above the market average17.87% above the market average17.87% above the market average
30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Hyve Group Dividends

  Latest Previous
  Final Interim
Ex-Div 02-Jan-20 20-Jun-19
Paid 03-Feb-20 01-Aug-19
Amount 1.60p 0.90p

Trades for 03-Feb-2023

Time Volume / Share Price
10:26 130 @ 70.20p
10:26 6,566 @ 70.20p
10:26 233 @ 70.53p
09:54 4,245 @ 70.87p
09:51 117 @ 70.30p

Hyve Group Key Personnel

CEO Mark Shashoua

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